Dynamic Advisor Solutions LLC Sells 169 Shares of Citigroup Inc. (NYSE:C)

Dynamic Advisor Solutions LLC lowered its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,744 shares of the company’s stock after selling 169 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Citigroup were worth $673,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MONECO Advisors LLC raised its stake in shares of Citigroup by 2.9% in the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after buying an additional 157 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock valued at $272,000 after acquiring an additional 164 shares during the period. NorthRock Partners LLC lifted its holdings in Citigroup by 2.7% during the first quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock valued at $398,000 after purchasing an additional 165 shares during the last quarter. Legacy Capital Group California Inc. boosted its position in Citigroup by 1.0% during the second quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after purchasing an additional 169 shares during the period. Finally, Gries Financial LLC increased its stake in shares of Citigroup by 3.0% in the second quarter. Gries Financial LLC now owns 6,000 shares of the company’s stock worth $381,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on C shares. Evercore ISI raised their price objective on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a report on Wednesday, July 3rd. Argus raised their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Morgan Stanley boosted their price objective on Citigroup from $79.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Oppenheimer raised their target price on Citigroup from $87.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.33.

View Our Latest Analysis on Citigroup

Citigroup Trading Up 3.6 %

NYSE C opened at $65.74 on Friday. The stock’s 50-day simple moving average is $60.66 and its two-hundred day simple moving average is $61.89. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $125.42 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS. Research analysts forecast that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 3.41%. Citigroup’s dividend payout ratio (DPR) is 62.75%.

About Citigroup

(Free Report)

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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